The Treasury Department has just released a new online HAMP Evaluator/Calculator tool called CheckMyNPV.com to help people determine why they may have been denied for a HAMP loan modification.
The online evaluation tool is confusing and asks questions that 99% of homeowners do not know such as if their loan is a Fannie Mae or Freddie Mac loan. Overall it is a clumsy tool that is too complicated for most and is just as confusing as the loan modification process itself.
It is no wonder that the loan modification process continues to be a thorn in the side of the housing market. The apple really does not fall too far from the tree.
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